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📈 Price Evolution from May 4 to May 11, 2025
May 4, 2025: The closing price was around $1,809, with minor fluctuations in the previous days.
May 11, 2025: The price recorded a slight decrease of -4.05%, closing at $2,479.
🔍 Factors Stimulating the Rise
1. Technical Breakout: Long-term downtrend lines were broken, leading to a price increase of 45% over three days, reaching a 2025 high near $2,604.
2. Increased Network Activity: The number of active addresses rose by 15% on May 10, reflecting increased interaction with the network.
3. Increased Trading Volume: The currency saw an 18% increase in trading volume over 24 hours, indicating growing interest from investors.
🔮 Future Predictions
Short-term: Technical analysis shows that the price is ranging between $2,550 and $2,599, with strong resistance at $2,600.
Medium-term: Predictions suggest the price could reach $4,000 in the coming days if the current upward momentum continues.
Long-term: Some analysts expect the price to reach $10,000 in the coming months, based on technical patterns and Ethereum's outperformance against its competitors.